IonQ shares rose after the company raised its full-year revenue guidance. The move followed third-quarter results that beat analyst estimates. The stock had shifted from a decline amid concerns about AI spending to a recovery supported by the company’s strong fundamentals. The significant surge was identified as occurring Friday after the financial report.
The company raised its full-year revenue range to $505–515 million as quarterly sales topped the average estimate and remaining performance obligations more than doubled.
Read the full storyThe company generated revenue from its quantum computing platform and SkyWater foundry services, while its shares fell 10.53% in the session before results were announced after the close amid a technology sell-off.